< HOME  Monday, May 08, 2006

the sky is falling

Or is it?
Li Yong, China's vice minister for finance, said he had heard a "rumor'' that the U.S. dollar was headed for a 25 percent drop. If the gossip was true, the consequences would be "shocking," he said.
But, is it really? For months we've known that this was going to happen (some have known for decades).
Asia may be getting ready to fix its currencies to a local anchor, dumping the region's unofficial dollar peg.

[F]inance ministers of China, Japan and South Korea got together with their counterparts from the Association of Southeast Asian Nations, or Asean [said that they]
would sponsor a research project, titled "Toward greater financial stability in the Asian region: Exploring steps to create regional monetary units.''
Of course. They're getting their houses in order.

An Asian Currency Unit, or ACU, will be an index that seeks to capture the value of a hypothetical Asian currency by taking a weighted average of several of them. The weight for a particular currency in the index may be determined by the size of the economy and the quantity of its total trade.

The ACU is an accounting unit; IT WON'T CHANGE HANDS IN THE PHYSICAL WORLD. [emphasis added]

The ACU will start making a difference when it becomes the fulcrum of exchange-rate management in Asia.

All it takes is an agreement to TRUST eachother.

Money is a STANDARD to measure PRODUCTIVE activities.

But for centuries, it's been abused as a means to EXPLOIT and GAMBLE.

With its "my currency is your problem'' attitude, the U.S. has made a negotiated settlement of global imbalances a diplomatic non-starter. China isn't willing to consider the U.S. argument that quicker appreciation of the yuan may prevent a costly adjustment later.

Once again in Hyderabad, Undersecretary Adams tried valiantly to get this message across to Chinese Vice Finance Minister Li. He was wasting his breath.

Li, as Adams noted wryly, "knows all my talking points.''

So do we.

And we too know better than to think that 'your currency problem' is our responsibility.

After creating a financial vortex that's about to suck up their fortunes, the Fed and their banking cohorts want to sacrifice our lives to satisfy the gaping void.

Don't let them do it.

THEY are releasing these signals. THEY want the world to panic - to scurry about like roaches.

Don't do it.

Put your trust in God and eachother. Think clearly and act accordingly.

DO NOT FEAR poverty. THAT's how they control us.

If you have FOOD and SHELTER and the people you love close to you, then you have EVERYTHING that's important in this world.

Let them burn in their own flames.

On their ashes, those with faith will remain standing.

Many thanks, borkafatty.


At Monday, May 08, 2006, Blogger m.astera said...

Yeah, the dollar is not good. Check out what's happening with gold and especially silver, though. Talk about manipulation; they should be going through the roof.

At Monday, May 08, 2006, Anonymous MyKillK said...

I had trouble really understanding the point of this article.

Are you saying that you believe or do not believe in the 25% drop rumor spoken by Li Yong?

Or is the point that it doesn't matter? That what's really going on is intentional manipulation by the Fed to devalue the dollar?

I'm starting to believe myself that it's intentional. With this sudden immigration battle, and with the Canadian Dollar approaching parity with the USD, I believe we're being problem-reaction-solutioned into a North American union.

At Monday, May 08, 2006, Blogger qrswave said...



The KEY is to get us to FEAR Poverty, Illness, or Death at the hands of Phantom Enemies - all of which they MANUFACTURE - then get us to believe we can avoid it if we PAY them MONEY.

But, in order to get that money (which ONLY THEY create and control) we must sell our souls to them.

So, instead of praying to God for blessings and salvation and serving Him, they have us praying to MAMMON for protection from the evils they bring forth, which are limited only by their imagination.

It's quite an effective racket. The only drawback is that it's deadly.

At Monday, May 08, 2006, Anonymous Jason said...

It is much more deadly for all of us not to do anything about this.


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